Business

CBN Announces Date For 301st MPC Meeting

July 13, (THEWILL) — The Central Bank of Nigeria (CBN) says it will hold its 301st Monetary Policy Committee (MPC) meeting on Monday, July 21, and Tuesday, July 22, 2025. The apex bank disclosed this in a statement titled "Notice...

NCDMB’s Oil Industry Support Spurs Manufacturing, Backward Integration 

July 13, (THEWILL) — The Nigerian Content Development and Monitoring Board (NCDMB) has stepped up support for the oil and gas industry towards engaging in production activities such as manufacturing, thus enhancing value adding activities that boost employment.   With increased...

Vice President Commissions Agric 375 Revitalised Tractors

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July 13, (THEWILL) — The Vice President Kashim Shettima GCON, has commissioned over 375 tractors for use in mechanized farming revitalized by the National Agency for Science and Engineering Infrastructure (NASENI) under the National Assets Restoration Programme at the...

Jaiz Bank Reports N24.4bn billion Profit for FY 2024, To Pay 7 Kobo Dividend

July 13, (THEWILL) — Jaiz Bank Plc, Nigeria's pioneer Non-Interest Bank has released its full year audited result and accounts ended December 31, 2024, with profit after tax (PAT) of N23.48 billion.   The bank, in a press statement, reported an...

NNPC To List On Stock Exchange by 2028 — Bayo Ojulari

The Nigerian National Petroleum Company (NNPC) Limited has announced plans to go public by 2028, marking a major milestone in its ongoing transformation into a commercially driven, limited liability entity. The Group Chief Executive Officer of NNPC, Bayo Ojulari, disclosed...

NNPC Mulls Refineries Sale Despite $18bn Investment

July 11, (THEWILL) — The Nigerian National Petroleum Company (NNPC) Limited has revealed it is reviewing the possibility of selling its three state-owned refineries in Port Harcourt, Warri, and Kaduna, despite investing an estimated $18 billion in their...

FG Blames Technical Glitch For Delay in June Salary Payments

July 11, (THEWILL) — The Office of the Accountant General of the Federation (OAGF) has blamed a technical glitch for the delay in the payment of June 2025 salaries to civil servants across some Ministries, Departments, and Agencies...

UBA Announces Strategic Expansion Into Key Markets Across Africa

July 10, (THEWILL) — Africa's Global Bank, United Bank for Africa Plc (UBA), has announced a strategic expansion plan into key markets across Africa as it consolidates its global spotlight in the highly competitive industry. Coming 21 years after its...

Nigeria Downplays Critical Challenges While Celebrating IMF Report

July 07, (THEWILL) — The Nigerian Government last week celebrated the verdict of the International Monetary Fund (IMF) which applauded the positive results of the ‘bold and difficult’ reforms of the present administration. The IMF’s latest Article IV Consultation affirms...

Aiteo’s Strategic Investments to Boost Production, Industry Stability

July 06, (THEWILL) — The strategic investment in frontier energy infrastructure by the Aiteo Group will contribute towards achieving the Nigerian government’s objective of boosting production and stabilising the oil and gas sector. The Nigerian oil and gas sector is...
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Tinubu Doesn’t Live Large — NRS Boss Fires Back At Critics, Says President Walks To Work, Eats Once Daily, Debunks $279m Fraud Allegation

Describing the allegations as entirely false, Adedeji said they were the handiwork of individuals determined to discredit him and weaken public confidence in the Tinubu administration.
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